Inflation
Inflation may cause Americans to cut back on travel. Here’s how to vacation and save money
Inflation is surging — and if it keeps up, Americans may start nixing their travel plans. Some 40% of U.S. adults said they would cancel a vacation or trip if consumer prices continue to rise, according to a new CNBC + Acorns Invest in You survey, conducted by Momentive. The online poll was taken March […]
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India’s central bank keeps rates steady as growth risks re-emerge
Reserve Bank Of India sign can be seen in Kolkata, India, 08 February, 2022. Indranil Aditya | Nurphoto | Getty Images The Reserve Bank of India’s monetary policy committee kept the bank’s key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher […]
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Wild inflation will hurt all financial assets, market researcher Jim Bianco warns
There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread losses on Wall Street. “Eventually, this is going to come back and hurt all financial assets,” the Bianco Research president told CNBC “Fast Money” […]
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Fed’s Bullard says interest rate policy is ‘behind the curve,’ but it’s making progress
James Bullard Olivia Michael | CNBC The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as “behind the curve” as it appears, St. Louis Fed President James Bullard said Thursday. One of the Federal Open Market Committee’s most “hawkish” members in favor of tighter policy, Bullard said a […]
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Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate
Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at the March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over […]
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Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead
San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing […]
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Not earning enough? Many workers are unhappy with their pay
The “Great Resignation,” also known as the “Great Reshuffle,” has many Americans at least considering a career move. But increasingly, job hopping may be more necessary than voluntary as the recent spike in inflation puts households under financial stress. While wage growth is high by historical standards, it isn’t keeping up with the increased cost of […]
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‘Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a […]
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Sri Lankan president tries to preempt protests with nationwide curfew
“I don’t know why a curfew has been declared. What we need now is not a curfew, we need food, gas, fuel and the freedom to express ourselves,” said one protest organizer in Colombo, Sri Lanka. Ishara S. Kodikara | Afp | Getty Images Sri Lanka imposed a countrywide curfew starting Saturday evening until Monday […]
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Sri Lanka’s president declares emergency as police clash with angry protesters
Protestors in Colombo on April 1, 2022. Inflation has wracked Sri Lanka, rising to 17.5% in February from 16.8% a month earlier, according to the country’s central bank. Ishara S. Kodikara | AFP | Getty Images Sri Lanka’s president declared a state of emergency in the island nation Friday, a day after angry protesters demonstrated […]
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